PhoCusWright has published an in-depth analysis of innovation in the travel technology space. This is a must read for any corporation that thinks it knows who all of its competitors are, and for any budding and entrepreneurial travel technologists scratching for the next big idea.
The global recession may have slowed capital investments in new ventures, but it failed to dampen innovation or the entrepreneurial spirit across the travel industry. This analysis examines nearly 200 startups since 2006 to assess the state of the startup in travel. Specific objectives are to determine how many startups there have been; how much capital investors have committed; and in which areas innovators and investors are devoting their time, energy and capital.
The corresponding worksheet presents data collected on 193 online and mobile travel startups from 2006 to 2010 covered in the analysis.